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    OFF-MARKET
    Land

    0 Rte 17 & Ml Dr, Fredericksburg, VA 22408

    18 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 18-acre vacant land parcel presents a unique investment opportunity in Spotsylvania County, Virginia. Situated at the intersection of Route 1 and Route 17/Mills Drive, this property boasts a high traffic count of 55,000 vehicles daily. The land is part of Cosner's Corner, the largest mixed-use development in Spotsylvania County, currently encompassing over 980,000 square feet and projected to reach 1.5 million square feet upon completion. This thriving development includes a new residential community with over 400 units, and the VYSA and FASA Soccer Complex, attracting over 250,000 visitors annually. The property's strategic location offers close proximity to significant amenities, including the Spotsylvania Regional Medical Center (a 126-bed hospital) and Germanna Community College (6,000 students). Phase I of The Haven at Cosner's Corner luxury apartments, comprising 256 units, is complete, with Phase II adding more than 100 additional units. One-acre pad sites are available for sale or lease, making this an ideal location for a variety of commercial ventures, benefiting from the high visibility and substantial foot traffic generated by the surrounding development. The property's address is Route 17 & Mills Drive, Fredericksburg, VA 22408.

    Property profile
    Verified
    Property type Land
    Lot 18 ac (784,080 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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